currency trading reviews - Greene's finances weathering economic crisis ; In addition to weathering earthquakes and hurricanes, Greene County appears to be weathering the economic storm.
According to an audit presented by Robinson, Farmer Cox Associates of Charlottesville to the Board of Supervisors on Tuesday, Aug. 23, the county’s net assets exceeded it liabilities by $19,357,886 at the end of fiscal 2010, which ended June 30.
Overall, the county’s surplus in 2010 was $3,359,894, despite bringing in less revenue from fiscal 2009.
Greene County generated $30,999,103 in fiscal 2010, compared with $31,292,426 in fiscal 2009. Of that amount, $16,501,906 came in the form of general property taxes and $3,789,119 came from other local taxes in fiscal 2010.
However, the county spent only $27,639,209 in fiscal 2010, compared with $28,618,539 in fiscal 2009. The county’s biggest expenditure in fiscal 2010 was education, at $9,977,710, followed by public safety at $5,168,726 and health and welfare at $3,141,865. The county spent $2,317,597 on general government administration in fiscal 2010.
“We’ve created a solid financial model over a period of four years where the economy has floundered,” County Administrator Barry Clark said Monday. “I feel like we’ve done a lot with a little.”
He said Greene County “owes a lot to economic development.”
Robinson, Cox, Farmers Associates noted that the county’s unemployment at the time of the audit was 5 percent, down from 6.5 percent a year ago. “This compares favorably to the state’s average unemployment rate of 6.9 percent and compares favorably to the national average of 9.5 percent,” the auditors noted.
They also noted that residential growth continues to increase and broaden the demand for locally provided services such as schools, emergency service, social services, inspections, law enforcement, parks and recreation, solid waste and libraries.
However, “departments and agencies were held to level funding related to operational expenditures expect in those circumstances were increases in expenditures were unavoidable,” according to the auditors.
In addition, the county’s long-term obligations decreased $2,445,176 in fiscal 2010.
According to the audit, Greene County had $74,590,523 in total assets in fiscal 2010. A total of $45,338,989 was capital assets, with the rest being current and other assets.
The county’s long-term liabilities were $40,771,361 and current liabilities were $55,232,637.
In addition, Greene County had 8,328,313 invested in capital assets in fiscal 2010, and $11,029,573 in unrestricted net assets. That left the county with $19,357,886 in total net assets as of June 30.
Greene County received $2,406,313 from the state in fiscal 2010, a slight decrease from the $2,454,781 in fiscal 2009.
Barry said that the state will likely ask the county to take over maintenance of more secondary roads, as well as shoulder more of the burden for education. source http://www2.greene-news.com/news/gcn-news/2011/sep/01/audit-greenes-finances-weathering-economic-crisis-ar-1279312/
Greene's finances, Greene County, hurricanes, capital assets in fiscal 2011,
According to an audit presented by Robinson, Farmer Cox Associates of Charlottesville to the Board of Supervisors on Tuesday, Aug. 23, the county’s net assets exceeded it liabilities by $19,357,886 at the end of fiscal 2010, which ended June 30.
Overall, the county’s surplus in 2010 was $3,359,894, despite bringing in less revenue from fiscal 2009.
Greene County generated $30,999,103 in fiscal 2010, compared with $31,292,426 in fiscal 2009. Of that amount, $16,501,906 came in the form of general property taxes and $3,789,119 came from other local taxes in fiscal 2010.
However, the county spent only $27,639,209 in fiscal 2010, compared with $28,618,539 in fiscal 2009. The county’s biggest expenditure in fiscal 2010 was education, at $9,977,710, followed by public safety at $5,168,726 and health and welfare at $3,141,865. The county spent $2,317,597 on general government administration in fiscal 2010.
“We’ve created a solid financial model over a period of four years where the economy has floundered,” County Administrator Barry Clark said Monday. “I feel like we’ve done a lot with a little.”
He said Greene County “owes a lot to economic development.”
Robinson, Cox, Farmers Associates noted that the county’s unemployment at the time of the audit was 5 percent, down from 6.5 percent a year ago. “This compares favorably to the state’s average unemployment rate of 6.9 percent and compares favorably to the national average of 9.5 percent,” the auditors noted.
They also noted that residential growth continues to increase and broaden the demand for locally provided services such as schools, emergency service, social services, inspections, law enforcement, parks and recreation, solid waste and libraries.
However, “departments and agencies were held to level funding related to operational expenditures expect in those circumstances were increases in expenditures were unavoidable,” according to the auditors.
In addition, the county’s long-term obligations decreased $2,445,176 in fiscal 2010.
According to the audit, Greene County had $74,590,523 in total assets in fiscal 2010. A total of $45,338,989 was capital assets, with the rest being current and other assets.
The county’s long-term liabilities were $40,771,361 and current liabilities were $55,232,637.
In addition, Greene County had 8,328,313 invested in capital assets in fiscal 2010, and $11,029,573 in unrestricted net assets. That left the county with $19,357,886 in total net assets as of June 30.
Greene County received $2,406,313 from the state in fiscal 2010, a slight decrease from the $2,454,781 in fiscal 2009.
Barry said that the state will likely ask the county to take over maintenance of more secondary roads, as well as shoulder more of the burden for education. source http://www2.greene-news.com/news/gcn-news/2011/sep/01/audit-greenes-finances-weathering-economic-crisis-ar-1279312/
Greene's finances, Greene County, hurricanes, capital assets in fiscal 2011,
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